Insurance and financial services in South Sudan
South Sudan: Insurance and financial services was 12.3% in 2023. ◆ Volatile
Insurance and financial services in South Sudan, 2014–2023
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service exports.
Analysis
South Sudan recorded 12.3% for insurance and financial services in 2023.
That represents a change of up 4.1% on the previous year and down 81.0% over ten years.
Over the whole period, insurance and financial services in South Sudan peaked at 65.0% in 2014 and was at its lowest, 1.5%, in 2018.
That places South Sudan 25th out of 190 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in South Sudan, year by year
| Year | % of commercial service exports | Change |
|---|---|---|
| 2014 | 65.0% | — |
| 2015 | 41.8% | -35.7% |
| 2016 | 52.9% | +26.4% |
| 2017 | 11.4% | -78.4% |
| 2018 | 1.5% | -86.7% |
| 2019 | 3.0% | +95.4% |
| 2020 | 14.2% | +380.8% |
| 2021 | 12.7% | -10.9% |
| 2022 | 11.9% | -6.4% |
| 2023 | 12.3% | +4.1% |
South Sudan compared with similar countries
- South Sudan's 12.3% is above the median for low income countries, which is 2.9%, 4.3× the median. (21 countries reporting)
- South Sudan's 12.3% is above the median for Sub-Saharan Africa, which is 3.3%, 3.7× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 29.3% | 1.5% | 65.0% | 6 |
| 2020s | 12.8% | 11.9% | 14.2% | 4 |
Countries ranked near South Sudan
More private sector data for South Sudan
- Merchandise trade 37.2% (2025)
- Merchandise imports 1.27 billion current US$ (2025)
- Merchandise exports 955.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 78.35 current US$ per person (2025)
- Merchandise exports (current US$), annual growth rate 7.18 % change on previous year (2025)
- Merchandise imports (current US$), per capita 104.28 current US$ per person (2025)
- Merchandise imports (current US$), annual growth rate 7.08 % change on previous year (2025)
- Commercial service exports (current US$), per capita 33.38 current US$ per person (2023)
- Commercial service exports 383.32 million current US$ (2023)
- Transport services 63.4% (2023)
Frequently asked questions
- What is insurance and financial services in South Sudan?
- Insurance and financial services in South Sudan was 12.3% in 2023, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in South Sudan?
- The highest recorded value was 65.0% in 2014.
- What is the lowest insurance and financial services recorded in South Sudan?
- The lowest recorded value was 1.5% in 2018.
- How does South Sudan rank for insurance and financial services?
- South Sudan ranks 25th out of 190 countries with data for 2023.
- Is insurance and financial services rising or falling in South Sudan?
- Over the last ten years it is down 81.0%. The long-run trend across the full record is volatile.
- Where does this South Sudan data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service exports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service exports which are commercial services provided by residents to non-residents.